Academy Sports and Outdoors (NASDAQ:ASO) Given New $70.00 Price Target at Evercore ISI

Academy Sports and Outdoors (NASDAQ:ASO) had its price target increased by Evercore ISI from $60.00 to $70.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. B. Riley restated a buy rating and issued a $72.00 target price (up previously from $65.00) on shares of Academy Sports and Outdoors in a research note on Monday, March 25th. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Wedbush reduced their price target on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Telsey Advisory Group reiterated an outperform rating and set a $75.00 price target on shares of Academy Sports and Outdoors in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Academy Sports and Outdoors from $55.00 to $87.00 and gave the stock an overweight rating in a research report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $66.93.

Academy Sports and Outdoors Stock Down 0.8 %

Shares of NASDAQ:ASO opened at $54.34 on Thursday. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The company’s fifty day moving average is $56.19 and its 200-day moving average is $62.22. The company has a market capitalization of $3.92 billion, a PE ratio of 8.31, a P/E/G ratio of 0.92 and a beta of 1.37.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Tuesday, June 11th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts predict that Academy Sports and Outdoors will post 6.4 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.73%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the sale, the director now directly owns 7,870 shares of the company’s stock, valued at approximately $472,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.19% of the stock is currently owned by company insiders.

Institutional Trading of Academy Sports and Outdoors

A number of large investors have recently bought and sold shares of ASO. Deutsche Bank AG increased its stake in Academy Sports and Outdoors by 12.8% during the 3rd quarter. Deutsche Bank AG now owns 40,470 shares of the company’s stock worth $1,913,000 after purchasing an additional 4,605 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $238,000. Pearl River Capital LLC bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $464,000. Hsbc Holdings PLC bought a new stake in Academy Sports and Outdoors during the 3rd quarter worth approximately $3,551,000. Finally, LPL Financial LLC increased its stake in Academy Sports and Outdoors by 7.9% during the 3rd quarter. LPL Financial LLC now owns 87,661 shares of the company’s stock worth $4,144,000 after purchasing an additional 6,452 shares in the last quarter.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.